Bank Reconciliation Quiz

Bank Reconciliation Quiz

12th Grade

8 Qs

quiz-placeholder

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Bank Reconciliation Quiz

Bank Reconciliation Quiz

Assessment

Quiz

Business

12th Grade

Hard

Created by

陈淑盈 陈淑盈

Used 3+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Bank Statement is sent every month by the bank to _____.

Justify bank charges

Inform him to collect his dividend

Inform him of the different facilities offered by the bank

Provide him with details of receipts and payments in his bank account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following items is not a reason for difference between bank balance as per cash book ?

Credit sales

Dishonoured cheques

Cheques deposited but not yet credited

Cheques issued but not yet presented for payment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Standing order payments _________.

Reconcile the balance on the cash book and the bank statement

Do not change the balance shown on the bank statement

Increase the balance shown on the bank statement

Decrease the bank balance as per bank statement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who prepares the Bank Reconciliation Statement ?

Bank manager

The firm's accounts clerk

Bank's clerk

The customer's

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cheque drawn on the last day of month April will ________.

Not appear in the Cash Book

Be debited on the bank statement of month April

Not appear on the bank statement balance of month April

Be credited on the bank statement on the last day of April

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cash deposit made by the business appears in the Bank Statement as ________balance.

Withdrawal

Credit

Debit

Opening

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of the following statements regarding a bank reconciliation statement are true ?

It does not involve double entry.

It is prepared by business to verify its bank balance.

It is sent by bank when an error has been made in its record.

It is sent by bank when its customer's account is overdrawn.

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following transactions will decrease an overdraft with the bank?

Bank commission

Returned cheque

Credit transfer

Direct debit